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15
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8
PING AN (02318.HK) delivered a net profit of RMB68 billion for 1H25, down 9% YoY, slightly below the broker's expectations, a research report by BofA Securities wrote.The value of new business (VNB) for life insurance grew by 40% YoY, primarily driven by a VNB margin improvement of 1.9-ppt YoY to 26.1%. The operating profit ...
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Michael Guo, PING AN (02318.HK)'s Co-CEO, said at the earnings press conference that the value of new businesses of the life insurance segment grew by nearly 40% YoY in 1H25, reflecting that the life insurance business has started unleashing reform benefits after years of restructuring. He is fully confident in the healthy d...
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The following table lists the ratings and target prices for PING AN (02318.HK) from five brokers:Broker | Investment Rating | Target PriceJPMorgan| Overweight | $80UBS | Buy | $66 -> $70Morgan Stanley | Overweight | $69Citigroup | Buy | $68BofA Securities | Buy |$62.4 -> $64.9Goldman Sachs | Buy | $58Broker | ViewpointJPMo...
Recommend
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PING AN (02318.HK) announced its interim results for the period ending June 2025, with total revenue of RMB546.469 billion, down 1.4% YoY. Net profit was RMB68.047 billion, down 8.8% YoY, with an EPS of RMB3.87. An interim DPS of RMB0.95 was declared, compared to RMB0.93 in the same period last year, representing a YoY growth of...
Recommend
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Positive
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Soochow Securities published a report listing the top ten net buys and sells of Hong Kong stocks by southbound funds last week (August 18-22):1) Southbound funds' top ten net buys of Hong Kong stocks last weekShares | Net inflow last weekCHINA LIFE (02628.HK) | 4.216 billion TENCENT (00700.HK) | 2.504 billion BABA-W (09988.H...
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